DENVER--(BUSINESS WIRE)--CyberGRX, provider of the world’s first and largest global cyber risk exchange, today announced that their Exchange has surpassed 50,000 companies, further propelling the company’s leadership status in third-party cyber risk management. The CyberGRX Exchange was also recently recognized by Frost & Sullivan with the 2019 North American Competitive Strategy Innovation and Leadership Award as part of their Best Practices Awards program and was named the flagship winner of the Vendor and Third-Party Risk Management category of the 11th Annual 2019 Golden Bridge Awards®.
In today’s evolving threat landscape, where hackers are constantly changing their tactics to find the path of least resistance to their targets, it is critical for all organizations to identify the vulnerabilities within their digital ecosystem before attackers do. The CyberGRX Exchange is the most cost-effective, efficient and accurate way to identify, prioritize and minimize risk, for both third parties and their upstream partners. Built on a shared cost model, the CyberGRX Exchange features Auto Inherent Risk (AIR) insights, standardized assessment data, as well as advanced analytics that help users move from ambiguous third-party cyber risk confusion to prioritized and effective third-party cyber risk management. With more than 50,000 companies on the Exchange, the community continues to get smarter, stronger, and more secure.
“We are incredibly proud to see our Exchange reach new heights by surpassing this major milestone,” said Fred Kneip, CEO of CyberGRX. “Effective TPCRM is a critical pillar of any organization’s security program and unfortunately it’s been treated like a cybersecurity afterthought, with ad-hoc and frankly ineffective solutions that have only exacerbated the problem. Since inception, CyberGRX and our Exchange have experienced tremendous growth, which is a true testament to the market’s desire for a new approach to TPCRM. Our recent industry recognitions from Frost & Sullivan and the Golden Bridge Awards further validate our commitment to arming our customers with a solution that helps solve this critical challenge in an innovative, and proven manner.”
Frost & Sullivan’s commendation stems from their recent analysis of the North American third-party cyber risk management solutions market, while the Golden Bridge Award recipients were selected by a panel of top industry experts, who named CyberGRX as the first ever winner of the Vendor and Third-Party Risk Management category. These two recognitions add to a very successful year for CyberGRX, in which they were named the Breakout Third-Party Risk Management (TPRM) solution in the 2019 Cyber Defense Magazine InfoSec Awards, the Gold Winner in the Info Security PG’s 2019 Global Excellence Awards® for Vendor Risk Management, and a 2019 Colorado Companies to Watch Award winner. Additionally, the CyberGRX Exchange received a top rating from SC Magazine during an independent review of vendor risk management solutions in March. To keep up to date on the company’s latest announcements, please visit: www.cybergrx.com.
CyberGRX provides enterprises and their third parties with the most cost-effective and scalable approach to third-party cyber risk management today. Built on the market's first third-party cyber risk Exchange, CyberGRX arms organizations with a dynamic stream of third-party data and advanced analytics helping organizations efficiently manage risk in their partner ecosystems. Based in Denver, CO, CyberGRX was designed with partners including Aetna, Blackstone and MassMutual. For more information, visit www.cybergrx.com or follow @CyberGRX on Twitter.